SBI employees rank bottom among PSBs in bringing business: RBI

Country’s largest lender State Bank of India has over 2 lakh employees but when it comes to bringing business, the staff is ranked bottom among the public sector banks, according to the RBI data on profile of banks 2009-10.

As per the data, average business brought by each employee of SBI stood at Rs 6.36 crore, against the industry average of Rs 8.73 crore.

However, their wages accounted for 18.86 per cent of the bank’s total expenses, while the industry average was 14.83 per cent last fiscal.

The only state-run bank whose business per employee is below SBI is its associate State Bank of Bikaner and Jaipur.

The business generated by each employee of the bank was Rs 6.27 crore in 2009-10.

In comparison, Punjab National Bank’s business generated by each employee was Rs 8.07 crore, while Canara Bank’s individual staff contribution to the business was Rs 9.82 crore.